Business leaders in the DC region express a certain concern about the Trump administration’s reductions on federal workforce because they could have an impact on the regional economy.
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While thousands of federal workers are suddenly dismissed in terms of the Trump administration to reduce public spending, business leaders in the DC region consider the impact that could have on individuals and businesses.
“I think it is the general consensus of business leaders with which I work is that the next 18 to 24 months could be very difficult for our region,” said Julie Coons, president and chief executive officer of the North Virginia Chamber of Commerce in Wopt.
She thinks that it is imperative that companies “lean and engage” with displaced federal workers to help them as much as possible. Coons also said that companies should “think about what our future economy looks like in the context of a smaller federal imprint”.
While the leaders of a NVC round table on the budgetary prospects of the region warned “Rocky” conditions on Wednesday, according to the Washington Business Journal, Coons is optimistic about the workforce in the DC region.
“We know that our federal workforce has many talented people who want to stay in this region. Many of them will have transferable skills, “she said. “It is a possibility for our companies in this region to take big talents.”
However, Coons also recognized that some federal workers released in the last month may not have skills that correspond directly to the current labor market: “We think it is very important that the region increases to meet these federal workers with the possibilities of strengthening, crossing skills, adding identification information.”
Coons said that business leaders work in close collaboration with university centers such as the Northern Virginia Community College, George Mason University and others, “to ensure that our federal workforce can quickly obtain these identification micro-information, these certifications which will make them much more desirable in the workplace”.
Finally, Coons said: “It will be essential that we all come together and move forward to really engage in this region.”
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